24. Provisions as to property subject to hire-purchase agreements

In a case where any property in respect of the requisition or acquisition of which compensation is required by the provisions of this Act to be paid to the person who is the owner of the property immediately before the requisition or acquisition, is then in the possession of some other person by virtue of a hire‑purchase agreement —

that person may, by a notice given in the prescribed form and manner to the competent authority, within the period limited by this Act in relation to the making of any claim by the owner for payment of the compensation, make a claim to have apportioned to it such part of the compensation as may be specified in that person’s claim; and

in default of agreement between the parties, the last mentioned claim must, despite any written law, be referred to a Compensation Board by the owner, and thereupon the Board may apportion the compensation between the owner and the other person in such manner as appears to it to be just.